NJ is expecting up to $200 million in extra revenue

Gov. Chris Christie's administration says New Jersey now expects to collect up to $200 million in additional revenue between now and June 30. Christie is

New Jersey is expecting up to $200 million

New Jersey is expecting up to $200 million in extra revenue by the end of June.

TRENTON - Gov. Chris Christie's administration says New Jersey now expects to collect up to $200 million in additional revenue between now and June 30.

Christie is proposing to use the windfall toward pensions for public workers.

The additional sum, if achieved, is still just one-eighth of the nearly $1.6 billion that a Superior Court judge ordered lawmakers to pay into the system after more than a dozen public sector unions sued.

The administration has appealed and arguments in the case are scheduled to be heard by the state Supreme Court Wednesday.

A spokesman for Christie says the governor is committed to making as large a pension payment as possible. But Christie says the state can't afford the full sum he had agreed to during his first term.

advertisement | advertise on News 12

Trending Video

VIDEO: Preview of PNC Art Center's summer shows 1 VIDEO: Preview of PNC Art Center's summer shows
The Jewish community center in Edison was evacuated 2 JCC in Edison temporarily evacuated after bomb threat
A water tanker has been set up at 3 City of Orange residents told to conserve water
VIDEO: Chopper 12 above North Bergen fire 4 VIDEO: Chopper 12 above North Bergen fire
Thousands of women will head to Washington D.C. 5 Thousands of NJ women head to Washington for protest

advertisement | advertise on News 12

More News

State Senate President Steve Sweeney is calling out Sweeney announces plans to introduce tax on millionaires

State Senate President Steve Sweeney has announced plans to introduce a tax on millionaires in

The unions want a bigger pension payment made. Pensions top Gov. Christie's Cedar Grove town hall

The unions want a bigger pension payment made. If the court requires the Christie administration

Christie administration to make case again about pensions Christie administration to make case again about pensions

Gov. Chris Christie's administration is again stating its position on pension payments.

Gov. Christie holds his 131st town hall event Christie: State can’t tax its way out of pension problem

Gov. Chris Christie addressed the “millionaire’s tax” at Tuesday’s town hall meeting in Freehold.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE